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Aug 22, 2013
08/13
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we are doing actually pretty good sales in north america. we just started deliberating in europe. we will start delivering in asia in the ferc. yes, sales have been good. right now, wooer actually not sales constraint. so we're production constraint. we are keeping quality standards high, so the main focus is really how do we increase our ploux rate which means all our suppliers have to move at the same pins. >> here's the production plans for tesla starting this year going over the next few years. 21,000 this year. they hope to be up to 41,000 this year. end of next year we expect the model s and suv fblt. by 2016, 2017, they hope to be well over 20,000 vehicles as they roll out a lower priced third generation vehicle. as elon musk said in our interview yesterday, the biggest challenge they're facing here is the supply chain. can they have their suppliers keep up with them as they increase production of the model s. again, products is currently at 500 per week. guy, when you come out to this plant, what stand out. i have been in a number of
we are doing actually pretty good sales in north america. we just started deliberating in europe. we will start delivering in asia in the ferc. yes, sales have been good. right now, wooer actually not sales constraint. so we're production constraint. we are keeping quality standards high, so the main focus is really how do we increase our ploux rate which means all our suppliers have to move at the same pins. >> here's the production plans for tesla starting this year going over the next...
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Aug 29, 2013
08/13
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what happens to america? how long does it take for them to get out of bankruptcy? >> this resets the clock for them by probably at least 7 or 8 months and probably more like a year to get out of bankruptcy and the stand alone plan. >> what does that mean for the customer? while america is in -- is there any distinction or difference between them being in bankruptcy and not being in bankruptcy if you're a customer? do you care? >> you don't. if you ask customers, they wouldn't know that america was in bankruptcy. >> right now, right. >> what america has done, while in bankruptcy, has been very good for the airline and very good for the employees and very good for customers. >> so tom horton, did he mack a mistake by trying to do this deal while still in bankruptcy? >> i don't think it was a mistake. he didn't go in trying to do this. it was sort of forced upon him by labor and creditors. the mistake may have come from the usair side where they were too cavalier about getting doj approval. >> what happens if this deal doesn't happen? >> usair is the airline where lon
what happens to america? how long does it take for them to get out of bankruptcy? >> this resets the clock for them by probably at least 7 or 8 months and probably more like a year to get out of bankruptcy and the stand alone plan. >> what does that mean for the customer? while america is in -- is there any distinction or difference between them being in bankruptcy and not being in bankruptcy if you're a customer? do you care? >> you don't. if you ask customers, they wouldn't...
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Aug 8, 2013
08/13
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striking america. if you bought the market only on the days of fed communication days that accounted for like 80% of the market moves. >> but, you know, it goes to show that investors need a plan and they need to stick through it, especially when they really don't want to. >> right. >> so if you are dollar cost averaging with your 401k, don't go making crazy decisions when the market groes goes really up or really down, ultimately, you will be okay. >> how have you altered your plan say over the last six month? >> i got some more cash than i otherwise would have had, both coming out of the bond allocation as well as the equity allocation. so i'm worried about this notion of a great unwind. andrew and i were talking about it earlier, that a lot of money has flown into these bond funds that reach for yields and that's been the behavior that the fed has basically created with qe and zero rates and the dealer community's and to absorb those kind of flows should they happen. they did happen in may and june,
striking america. if you bought the market only on the days of fed communication days that accounted for like 80% of the market moves. >> but, you know, it goes to show that investors need a plan and they need to stick through it, especially when they really don't want to. >> right. >> so if you are dollar cost averaging with your 401k, don't go making crazy decisions when the market groes goes really up or really down, ultimately, you will be okay. >> how have you...
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Aug 28, 2013
08/13
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joining us is ethan harris, bank of america, merrill lynch co-head of global economics research. welcome. >> thank you. >> what's your expectation for the second half? it seems like we're all of a sudden a bit wobbly again if you believe the durable goods report was nasty, even housing could be somewhat of a question here with the way that rates have backed up. >> you got to be a little nervous here. the interest sense of the sector like housing and capital goods spending showing signs of weakness for the third quarter we expect a flat reading on capital spending. and for overall growth for third quarter only looking for 1.7% growth. so i think a fair reading of the data is not that things are collapsing or anything but that we're still kind of stuck in the mud in this 2% economy. >> the down side risks seem to be increasing almost by the day. >> we've had a bunch of things come up. think about it from the fed's perspective when they meet in september. they could be facing a major geopolitical event in the middle east, we're going to be in the middle of the fiscal impasse in wash
joining us is ethan harris, bank of america, merrill lynch co-head of global economics research. welcome. >> thank you. >> what's your expectation for the second half? it seems like we're all of a sudden a bit wobbly again if you believe the durable goods report was nasty, even housing could be somewhat of a question here with the way that rates have backed up. >> you got to be a little nervous here. the interest sense of the sector like housing and capital goods spending...
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Aug 14, 2013
08/13
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because american owns south america. bangor, maine, would get service to america's hub at chicago. that's slam dunk, that will happen. they won't get it without this merger. that will give them more access. >> u.s. airways ceo still expects this deal to close by the end of the year. do you? >> i don't know. i'm not a lawyer. but guess what, the legal industry just got a big boost by this deal. >> okay. michael boyd, thank you for sharing your view this morning. >> thank you. >> it's an interesting one and we'll see where this goes. a lot of people have views on what to do here. >> when we come back, we do have quarterly results from deere due within minutes. the numbers and instant analysis straight ahead. "squawk" will be right back. ea. no, thank you. we know you're always looking for the best fill price. and walk limit automatically tries to find it for you. just set your start and end price. and let it do its thing. wow, more fan mail. hey ray, my uncle wanted to say thanks for idea hub. o well tell him i said you're
because american owns south america. bangor, maine, would get service to america's hub at chicago. that's slam dunk, that will happen. they won't get it without this merger. that will give them more access. >> u.s. airways ceo still expects this deal to close by the end of the year. do you? >> i don't know. i'm not a lawyer. but guess what, the legal industry just got a big boost by this deal. >> okay. michael boyd, thank you for sharing your view this morning. >> thank...
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Aug 26, 2013
08/13
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. >> welcome to america. >>> now to the markets. and the week ahead. director of fx strategy at bks management and bob ruska is fao economics chief economist. bob, i used to worry that, you know, everything's supposed to just go perfectly according to schedule for the fed to start tapering. and helle is going to be on saying we're going from three years to 3%. you're not sure it's a slam dunk that things keep improving. you think housing looks weak and there's other numbers that aren't cooperating with the fed in terms of showing that we're getting above stall speed. >> the backtrack and new home sales last week was unexpected. it was severe. and it was widespread. and, of course, because new home sales are listed at the time you sign the contract, whereas existing home sales don't get posted until after you close the deal, you see the impact of interest rates and new home sales -- >> you already see it. >> and so yeah. you saw this big decline. and you also saw that average home prices continue to go up or median home prices went back, which means tha
. >> welcome to america. >>> now to the markets. and the week ahead. director of fx strategy at bks management and bob ruska is fao economics chief economist. bob, i used to worry that, you know, everything's supposed to just go perfectly according to schedule for the fed to start tapering. and helle is going to be on saying we're going from three years to 3%. you're not sure it's a slam dunk that things keep improving. you think housing looks weak and there's other numbers that...
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Aug 15, 2013
08/13
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it was hit by natural catastrophes, bad weather essentially, in north america. but also in europe. net profit missing expectations for the second quarter, and companies also pretty cautious about its outlook. last but not least, i want to show you what is happening in the currency space. sterling dollar at a two-month high, sitting at 155.78. getting closer and closer to that 156 level. this is on the back of better -- much stronger than expected retail sales for the month of july. certainly benefitting from that heat wave we have been seeing in the uk. euro dollar pretty resilient at 132.82, back below the 133 level. and dollar yen seeing a little bit of softness at 98.07. this is because the finance minister in japan pretty much quashed hopes of that cut in the corporate tax rate and this is what the markets had been hoping for. so we are seeing some yen strength. and on the back of that, we are seeing declines, pretty big ones, actually, in the nikkei 225. back over to you guys. >> thanks very much, carolin. becky, are you still looking? >> looking for some of these. cisco share
it was hit by natural catastrophes, bad weather essentially, in north america. but also in europe. net profit missing expectations for the second quarter, and companies also pretty cautious about its outlook. last but not least, i want to show you what is happening in the currency space. sterling dollar at a two-month high, sitting at 155.78. getting closer and closer to that 156 level. this is on the back of better -- much stronger than expected retail sales for the month of july. certainly...
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Aug 19, 2013
08/13
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and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. >>> in some parts of the u.s., kids are already back to school. in other parts, the first dizz are right around the corner. can retailers count on their back-to-school sales to boost revenues? 30 of them reporting this week. joining us with the pulse of the consumer is joel oldein from at kerney. we had a terrible spout of earnings last week from a number of retailers. macy's missing for the first time in 25 quarters. walmart not looking good as well. what's going on with retailers, and as we look at this week, where we look for earnings from them, are we going to see a lot of bad news? >> it's interesting this year. we're coming off a record 2012 back-to-school season. so expectations were pretty high. a lot of positive indications
and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. >>> in some parts of the u.s., kids are already back to school. in other parts, the first dizz are right around the corner. can retailers count on their...
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Aug 1, 2013
08/13
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and, again, in 2014, we'll talk to the ceo of america's natural gas alliance. and next, as we head to break, a look at july's best and worst-performing dow components. if you're serious about taking your trading to a higher level, tdd#: 1-800-345-2550 then schwab is the place to trade. tdd#: 1-800-345-2550 call 1-888-284-9410 or visit schwab.com/trading to tdd#: 1-800-345-2550 learn how you can earn up to 300 commission-free online trades tdd#: 1-800-345-2550 for six months with qualifying net deposits. tdd#: 1-800-345-2550 see how easy and intuitive it is to use tdd#: 1-800-345-2550 our most powerful platform, streetsmart edge. tdd#: 1-800-345-2550 we put it in the cloud so you can use it on the web. tdd#: 1-800-345-2550 and trade with our most advanced tools tdd#: 1-800-345-2550 on whatever computer you're on. tdd#: 1-800-345-2550 also, get a dedicated team of schwab trading specialists tdd#: 1-800-345-2550 who will help you customize your platform tdd#: 1-800-345-2550 even from the comfort of your home. tdd#: 1-800-345-2550 and talk about ideas and strategie
and, again, in 2014, we'll talk to the ceo of america's natural gas alliance. and next, as we head to break, a look at july's best and worst-performing dow components. if you're serious about taking your trading to a higher level, tdd#: 1-800-345-2550 then schwab is the place to trade. tdd#: 1-800-345-2550 call 1-888-284-9410 or visit schwab.com/trading to tdd#: 1-800-345-2550 learn how you can earn up to 300 commission-free online trades tdd#: 1-800-345-2550 for six months with qualifying net...
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Aug 20, 2013
08/13
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i joined teach for america. that's the reason i'm here. >>> from market commentary to invisible people, our next guest writes about it all, we know mark grant is managing director at southwest securities group, but also the author of a new children's book. and it is "lila: the sign of the elfen queen." it could be the 11 queen. but it is not. what are you doing? andrew was surprised you had -- someone that basically just watches europe and the rest of the world in horror can write a book for kids. >> the reason was i had a dinner part at my house, joe, and the people were saying there is no decent book for kids. they had monsters and vampires and i thought about it and thought i can do this. i'm going to do it and i wrote a modern dare fairy tale that has nothing scary in the entire book. >> really? and the -- for ages -- >> 3 to 9 probably. >> 3 to 9 you can still find good night moon and a couple of the -- >> that looks like a long book to read to a 3-year-old, though. >> the book is, like, alice in wonderland
i joined teach for america. that's the reason i'm here. >>> from market commentary to invisible people, our next guest writes about it all, we know mark grant is managing director at southwest securities group, but also the author of a new children's book. and it is "lila: the sign of the elfen queen." it could be the 11 queen. but it is not. what are you doing? andrew was surprised you had -- someone that basically just watches europe and the rest of the world in horror can...
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Aug 9, 2013
08/13
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telecom outperforming, kpn, america movil, carlos slim, $9.6 billion bid for the rest of kpn that it doesn't already own. challenging a rival offer for kpn's german business. telefonica last month made an $11 billion bid for kpn's crown jewel, which is the german business e-plus. and that cast doubt over america movil's expensive on paper currently loss-making investments in kpn, which they made last year. so the stock of kpn up 16%, but really it is about carlos slim wanting to get his hands on germany's e-plus. and some say it is also a sense here he could wait it out, you can get the stock cheap right now and wait three or four or five years and the macro environment in europe will turn around as well. talking about macro environment, quick look for you where we stand with debt prices. we're going to start a major privatization plan later in the year. yields pretty contained, still very low, 4.2%, ecb doing its job. that's where we stand in europe. back to you. >> have a great weekend, sir. we'll see you next week. >> thank you very much, becky. >>> we're keeping an eye on currenc
telecom outperforming, kpn, america movil, carlos slim, $9.6 billion bid for the rest of kpn that it doesn't already own. challenging a rival offer for kpn's german business. telefonica last month made an $11 billion bid for kpn's crown jewel, which is the german business e-plus. and that cast doubt over america movil's expensive on paper currently loss-making investments in kpn, which they made last year. so the stock of kpn up 16%, but really it is about carlos slim wanting to get his hands...
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Aug 7, 2013
08/13
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the markets and the economy and the economy is america and america is mom and pop. >> the attention -- >> and then you have a housing issue and then it becomes the real economy. >> i guess i'm too simple of a folk to understand these complex discussions. >> i think -- you don't think it matters who is in there, it doesn't have a trickle down effect on the rest of the economy? >> no, i don't think kohn, summers or yellen or the lone ranger or anybody will raise interest rates. we confuse, we, meaning america, maybe us, the media, i don't know, tapering versus tightening. taper is one thing, tightening is another. no interest rate hike for two years. >> when you take that much of the monetary out of the system, i think it is. i think that's where it could run into problems before they raise rates. don't do it the right way, market doesn't have confidence, can see interest rates and bond prices -- >> i agree. i expect bond yields to rise a little bit, maybe. >> if they don't do it carefully -- >> mortgages can't destroy the economy. >> we never see the fed's balance sheet like this befor
the markets and the economy and the economy is america and america is mom and pop. >> the attention -- >> and then you have a housing issue and then it becomes the real economy. >> i guess i'm too simple of a folk to understand these complex discussions. >> i think -- you don't think it matters who is in there, it doesn't have a trickle down effect on the rest of the economy? >> no, i don't think kohn, summers or yellen or the lone ranger or anybody will raise...
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Aug 5, 2013
08/13
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are you concerned america e america about terror tax? would you sell stocks if we had large coordinated attack. hit us up on 26th. zeal we'll see how people feel about it. >>> an airline made its name on discount travel is going upscale. with retalking about jet blue. they will unveil premium seats on some fliechlts among the amenities offered, live flat seats, hot meals, free drinks and for some, a walled off suite, private cabin. >> a private cabin. >> one suite only, not two. >> it's not really walled off. you can look over the side. >> close enough. >> it gets more interesting. >> emirates has this, right, in 1st class, then business class. >> i want to know. >> i wouldn't know, either. i just saw when i walked through the plane quick going back. the new service will be unveiled next spring. the first offer on flights from l.a. to san francisco to and from new york. that is the number one most lucrative market in america. competition heating up in air travel, it's cool. people's express, braniff and a smiley face on the front. >> the
are you concerned america e america about terror tax? would you sell stocks if we had large coordinated attack. hit us up on 26th. zeal we'll see how people feel about it. >>> an airline made its name on discount travel is going upscale. with retalking about jet blue. they will unveil premium seats on some fliechlts among the amenities offered, live flat seats, hot meals, free drinks and for some, a walled off suite, private cabin. >> a private cabin. >> one suite only, not...
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Aug 23, 2013
08/13
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and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. . >> join us on scott nations. the show is interesting. is, it reminds me of an over the counter for the nasdaq. if you can do things with dark folds, are the prices good enough to where you can avoid the legal liable of getting the best price? >> or all the other exchanges. i don't know why eventually you could not have changed the competition. >> thank you. >> this might not be better fixed with regulation. it metro detroit be better fixed with competition. >> i think what has to happen is the changes have to reopen those stocks. if the other exchanges have to reopen nasdaq listed stocks to give people a chance to get out say the last 15 or 30 minutes of the day, i think that's the way to solve that problem. >> because the issue wa
and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. . >> join us on scott nations. the show is interesting. is, it reminds me of an over the counter for the nasdaq. if you can do things with dark folds, are...
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Aug 2, 2013
08/13
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. >> ford f-150, the best-selling truck in america and a small businessman that has optimism about the future. give all of us a lot of inspiration. >> like the construction industry. >> 92 is the new 60. >> i agree. we're using a lot of those metaphors. why do we keep doing that? >> we're all getting old, that's why. >> when is your birthday in. >> we think the same way, joe. i'm still in february. 921 inspiration for me. >> all right. i saw the stock, that's a new high, right? new all time high. and i don't know, by accident i hit a monthly chart, just to make myself absolutely sick, because i'm talking about going back to a couple of years ago, do you remember the low, mike? you probably do, you were there. >> of course i do. in '08, '09, absolute depression in the auto industry. >> it was 4, right? >> the stock went down to $4 and something. i think at the time, the performance of the company through the auto depression, demonstrated the strength of our operating model and how we could perform, and on an operating basis we never lost money through the whole depression. and you combi
. >> ford f-150, the best-selling truck in america and a small businessman that has optimism about the future. give all of us a lot of inspiration. >> like the construction industry. >> 92 is the new 60. >> i agree. we're using a lot of those metaphors. why do we keep doing that? >> we're all getting old, that's why. >> when is your birthday in. >> we think the same way, joe. i'm still in february. 921 inspiration for me. >> all right. i saw the...
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Aug 27, 2013
08/13
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it's happening in america. a sad commentary. >> you know what, i saw it on andrew's face. >> depressing. >> why? we have al accomplished so much. >> depressing. >> look at the deficit reduction ha has occurred over the last three years. take it forward. it's 4 trillion over ten years. 4 trillion over ten years. >> you like it. jimmy likes it. yoep i don't understand it. >> the process is ugly. at the end of the day, we actually accomplished something. >> it's good, jimmy? >> 1.4 trillion when bush left office? today 643 billion. that's the number. >> is that good? i think it's fantastic. we should get below 500 billion. should put us where we were before the bush -- >> joe. >> i don't think the white house nodes to unsettle markets any more than they are unsettled. lock at the economy,ist very weak. a lot of underlying weak inside in the economy. why do we need this? there ought to be a negotiation, a discussion. we ought to have a chance to avoid the disaster let's go back to two years ago, i was luxuriously s
it's happening in america. a sad commentary. >> you know what, i saw it on andrew's face. >> depressing. >> why? we have al accomplished so much. >> depressing. >> look at the deficit reduction ha has occurred over the last three years. take it forward. it's 4 trillion over ten years. 4 trillion over ten years. >> you like it. jimmy likes it. yoep i don't understand it. >> the process is ugly. at the end of the day, we actually accomplished something....